This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.
Below are some instances of options activity happening in the Communication Services sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| META | CALL | SWEEP | BEARISH | 02/23/24 | $480.00 | $25.9K | 6.7K | 16.4K |
| GOOG | CALL | TRADE | BULLISH | 03/01/24 | $142.00 | $26.7K | 328 | 874 |
| TMUS | CALL | TRADE | BULLISH | 05/17/24 | $155.00 | $54.2K | 3.7K | 132 |
| NFLX | CALL | TRADE | BEARISH | 06/21/24 | $550.00 | $32.5K | 1.2K | 5 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding META META, we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on February 23, 2024. Parties traded 117 contract(s) at a $480.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.9K, with a price of $222.0 per contract. There were 6753 open contracts at this strike prior to today, and today 16455 contract(s) were bought and sold.
• For GOOG GOOG, we notice a call option trade that happens to be bullish, expiring in 10 day(s) on March 1, 2024. This event was a transfer of 100 contract(s) at a $142.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $267.0 per contract. There were 328 open contracts at this strike prior to today, and today 874 contract(s) were bought and sold.
• Regarding TMUS TMUS, we observe a call option trade with bullish sentiment. It expires in 87 day(s) on May 17, 2024. Parties traded 50 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $54.2K, with a price of $1085.0 per contract. There were 3799 open contracts at this strike prior to today, and today 132 contract(s) were bought and sold.
• For NFLX NFLX, we notice a call option trade that happens to be bearish, expiring in 122 day(s) on June 21, 2024. This event was a transfer of 5 contract(s) at a $550.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $6500.0 per contract. There were 1249 open contracts at this strike prior to today, and today 5 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more about unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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